Hello,
We bought a property late 2021. We started buying things to fix it up in 2021, but because it was owner-occupied until early 2022, we didn't rent it out or even advertise it. My Turbotax software is telling me I can't put in any operational expenses for 2021. Is this right?
If yes, do I just save my receipts and travel expenses and deal with it when I do my 2022 taxes? In my 2021 taxes can I treat it as a 2nd home and deduct property taxes and interest paid (albeit almost nothing)? Can I get a deduction on the points we paid on the mortgage?
Thanks in advance
